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2423 W Campbell Ave 7,566 SF Industrial Building Phoenix, AZ 85015 $795,000 ($105.08/SF)
Executive Summary
This is a unique opportunity to acquire a versatile property located just off the I-17 in central Phoenix. Separate buildings allow for multiple income streams or a private owner-user setup. The offering includes a 5,265 SF well-maintained warehouse, ideal for light commercial use. It has a grandfathered approval for a commercial upholstery shop. The open floor plan allows for a variety of commercial uses. The current zoning may allow for a multifamily conversion. The offering also includes a 1,911 SF 6 bed/2 bath single-family home, currently tenant-occupied. It previously operated as a licensed care facility. It features 36 inch wide doors throughout with built-in accessibility for care residents or office clients. The residence features independent perimeter fencing, which provides complete operational independence. The home can also serve as a professional office space or be divided into multiple residential units for additional income. The offering also includes a ~309 SF bomb shelter, a distinctive feature adding to the property’s uniqueness and potential utility. With strong rental demand in the area, this property presents an excellent opportunity for investors seeking reliable cash flow or an owner-user looking for flexibility. The combination of residential and commercial space, along with prime freeway access, makes this a one-of-a kind asset in the Phoenix market.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$72,000
|
$9.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,000
|
$9.52
|
| Taxes |
$8,292
|
$1.10
|
| Operating Expenses |
$5,000
|
$0.66
|
| Total Expenses |
$13,292
|
$1.76
|
| Net Operating Income |
$58,708
|
$7.76
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $9.52 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $9.52 |
| Taxes | |
|---|---|
| Annual | $8,292 |
| Annual Per SF | $1.10 |
| Operating Expenses | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $0.66 |
| Total Expenses | |
|---|---|
| Annual | $13,292 |
| Annual Per SF | $1.76 |
| Net Operating Income | |
|---|---|
| Annual | $58,708 |
| Annual Per SF | $7.76 |
Property Facts
| Price | $795,000 | No. Stories | 1 |
| Price Per SF | $105.08 | Year Built | 1959 |
| Sale Type | Investment | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.06/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 10’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.51 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 7,566 SF | ||
| Zoning | R-5 - R-5 | ||
| Price | $795,000 |
| Price Per SF | $105.08 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.51 AC |
| Rentable Building Area | 7,566 SF |
| No. Stories | 1 |
| Year Built | 1959 |
| Tenancy | Single |
| Parking Ratio | 1.06/1,000 SF |
| Clear Ceiling Height | 10’ |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | R-5 - R-5 |
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
1 1
Property Taxes
| Parcel Number | 154-17-032 | Total Assessment | $51,084 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $8,292 ($1.10/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
154-17-032
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$51,084 (2025)
Annual Taxes
$8,292 ($1.10/SF)
Tax Year
2026
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2423 W Campbell Ave
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